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CLIENT REPRESENTATION AGREEMENT
Fee Agreement & Scope of Work
Fee Agreement
- 3% for 1st Million of Acquisition or Development Cost.
- 2% for 2nd Million of Acquisition or Development Cost.
- 1% for every Million afterwards of Acquisition or Development Cost.
- Minimum US$25,000 per assignment within Scope of Work.
Fee Payable as follows:
- Pre-approved, Out of Pocket expenses will be reimbursed by the Client
within 72 hours without demand.
- Travel Time and special assignments not covered under Scope of Work will
be charged separately @$50 an hour and $1.00 per mile.
- Third party payments (if any) must be paid at per agreement or within 72
hours without demand.
- 25% Payable at Draw #1 or at 25% Completion of the Assignment at per
(Exhibit-A).
- 25% Payable at Draw #2 or at 50% Completion of the Assignment at per
(Exhibit-A).
- 25% Payable at Draw #3 or at 75% Completion of the Assignment at per
(Exhibit-A).
- 25% Payable at Draw #4 or at 100% Completion of the Assignment at per
(Exhibit-A).
Retainer
- $1,000 Non Refundable Registration Payable immediately at signing
Confidentiality Agreement.
- $10,000 Refundable Retainer is required at sign up, applicable towards
the fee agreed (in case).
- Refndable or Applicable towards the Fee, deductible at Draw #4,
Completion or Cancellation of Agreement (in case).
Note: All checks are drawn in the name of: Ohio
Petroleum Organization, LLC.
Note: No registration is acceptable unless it is accompanied by
Registration Fee of $1,000 certified funds available.
Note: The Retainer funds of US$10,000 required within one week of the
Registration as Certified funds.
Following Services are covered under Scope of
Work (Exhibit-A)
- Standard broker do-diligence (Profitability Vs investment study)
- Financial Statements Review
- Business and financial audits.
- Service Agreements Negotiations & Reviews.
- Title Search
- Attorney Fee for contracts and review.
- Closing Cost of the Acquisition (Deed Recording and Taxes are not
included).
Following Services are Not Covered under Scope
of Work (Exhibit-A)
- Legal Services and Legal Expenses (Claimed separately at per Law
firm Agreement).
- Extensive Traveling beyond 50 miles of Home Office located in
Centerville, OHIO
- Professional Inspections, Underground Storage Tanks Tests, Phase-I and
II or any 3rd Party Products and Services.
- Financing arrangements, Mortgage Brokerage.
- Deed recording fee,
- Sales & Real Estate Taxes.
Cancellation of Agreement:
- Client is authorized to cancel this agreement any time with 10 days
notice and all deposited funds will be refunded within 10 days excluding
any outstanding expenses incurred or paid by the Consultants on behalf of
the Client.
- In case of cancellation of agreement, the Client is not allowed to share
any confidential information provided by the Consultants for three years.
- In case of cancellation or expiration of this agreement, client will not
engage directly or indirectly to any of the entities reported to the
client by consultants without written consent of the consultants.
- In case of violation of confidentiality and terms of agreement
cancellation, the consultants reserve all rights to peruse full fee at per
this fee agreement using all possible means and resources available at per
the constitution of United States of America and may claim all damages
including reasonable attorney fee for collection.
Accepted by the "Client" : _________________________________ Dated
: _______________________
Print Name : ___________________________ :
Company Name :_______________________________
Address : ___________________________________ City,
State, Zip : ____________________________
Accepted by "Consultants: ____________________________ Dated
: ________________________
Accepted by : ___________________________________________ (Print
Name)
For and on behalf of :
Swairah Network,
P.O. Box : 751822,
Dayton, OH 45475
Tel : (937) 470-9400
Email: info@ohiopetroleum.net
Web: www.ohiopetroleum.net
Note:
Send this Fee Agreement to :
Email : habib@igsoa.com
- follow the hard copy
by mail to :
Ohio Petroleum Organization LLC,
P.O.Box : 751822,
Dayton, OH 45475. |
